tsx-v: wgo otc-nasdaq intl: whgof fra: 29w · white gold corp. –yukon, canada tsx-v: wgo...

White Gold Corp. – Yukon, Canada TSX-V: WGO

Corporate OverviewQ2 2018

TSX-V: WGOOTC-Nasdaq Intl: WHGOFFRA: 29W

White Gold Corp. – Yukon, Canada TSX-V: WGOWhite Gold Corp. – Yukon, Canada

Important Notice

Cautionary Statement on Forward-Looking Information

This presentation includes certain statements that constitute “forward-looking statements”, and “forward-looking information” within the meaning of applicable Canadian andUnited Sates securities laws (“forward-looking statements” and “forward-looking information” are collectively referred to as “forward-looking statements”, unless otherwisenoted). All statements, other than statements of historical fact, may be forward-looking statements. Forward-looking statements are often, but not always, identified by the useof words such as “believe”, “anticipate”, “estimate”, “project”, “intend”, “expect”, “may”, “will”, “plan”, “should”, “would”, “contemplate”, “possible”, “attempts”, “seeks”,“goals”, “targets” and similar expressions. These forward-looking statements appear in a number of places and include statements regarding our intent, or the beliefs or currentexpectations of our officers and directors. Forward-looking statements may relate to the Company’s future outlook and anticipated events or results and may include statementsregarding the White Gold properties mentioned herein, including, but not limited to, exploration and development plans with respect thereto and exercise of the Option, otherexploration and development activities, the Company’s future financial position, business strategy, budgets, litigation, projected costs, financial results, taxes, plans andobjectives. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting the financialcondition of our business.

Forward-looking statements are based on certain estimates, expectations, analysis and opinions that management believed reasonable at the time they were made or in certaincases, on third party expert opinions. These forward-looking statements were derived utilizing numerous assumptions regarding expected growth, results of operations,performance and business prospects and opportunities, general business and economic conditions, interest rates, the supply and demand for, deliveries of, and the level andvolatility of prices of gold and related products, regulatory and governmental approvals, market competition, accuracy of mineral resource and mineral reserve estimates andgeological, operational and price assumptions on which such estimates are based, conditions in financial markets, future financial performance of the Company, our ability toattract and retain skilled staff, our ability to procure equipment and supplies and results of exploration and development activities. While the Company considers theseassumptions to be reasonable, based on information currently available, they may prove to be incorrect. Accordingly, you are cautioned not to put undue reliance on theseforward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results. To the extent any forward-looking statementsconstitute future-oriented financial information or financial outlooks, as those terms are defined under applicable Canadian securities laws, such statements are being providedto describe the current anticipated potential of the Company and readers are cautioned that these statements may not be appropriate for any other purpose, includinginvestment decisions.

Such forward-looking statements involve known and unknown risks and uncertainties and other factors that may cause our actual events, results, performance or achievementsto be materially different from any future events, results, performance or achievements expressed or implied by such forward-looking statements. Risks and uncertainties thatmay cause actual events, results, performance or achievements to vary materially include, but are not limited to, risks inherent to mineral exploration and developmentactivities, changes in gold prices, changes in interest and currency exchange rates, inaccurate geological and metallurgical assumptions, unanticipated operational difficulties,government action or delays in the receipt of government approvals, adverse weather conditions, unanticipated events related to health, safety and environmental matters,labor disputes, political risk, social unrest, failure of counterparties to perform their contractual obligations, changes or further deterioration in general economic conditions, andother risks discussed in under the heading "Risks and Uncertainties" in the Company’s most recently filed MD&A.

Forward-looking statements speak only as of the date those statements are made. Except as required by applicable law, we assume no obligation to update or to publiclyannounce the results of any change to any forward-looking statement contained to reflect actual results, future events or developments, changes in assumptions or changes inother factors affecting the forward-looking statements. If we update any one or more forward-looking statements, no inference should be drawn that we will make additionalupdates with respect to those or other forward-looking statements. You should not place undue importance or reliance on forward-looking statements. All forward-lookingstatements contained in this presentation are expressly qualified in their entirety by this cautionary statement.”

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The White Gold District, Yukon

▪ Lies within the famed Tintina Gold Belt, a 200-km-wide, 1,200-km-long arc extending from northern British Columbia into southwest Alaska

▪ Made famous by the Klondike gold rush of 1896

▪ 13-20 million ounces of placer gold historically produced

▪ Exploration for hard rock deposits was very limited until 2007, since which time over 7 million ounces have been discovered

▪ Properties within the area have been recently acquired by major producers Goldcorp and Kinross (Kinross has since vended its Yukon properties to White Gold and become a 19.9% shareholder)

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“The best place to find a new mine is next door to an old mine.”

- Tom Zoellner


Quartz Gold Claims in the White Gold District

4

Prior to 2007, the White Gold district had been largely unexplored for hard rock gold deposits


Major Discoveries - White Gold District

Over 50,000 claims were staked in the region between 2009 and 2012

Strong take-out valuations on a per-ounce basis in the district:▪ Kaminak - $175/oz [Purchased by Goldcorp, 2016]

5

White Gold Corp. (TSX-V: WGO)/Kinross/Underworld

Goldcorp (TSX: G) (NYSE:GG)/Kaminak

Comstock (TSX-V: CSL)

Western Copper & Gold (TSX: WRN) (NYSE-MRKT: WRN)

Option

Comstock Metals Ltd. options the QV

property from Shawn Ryan

Option

Shawn Ryan options the Coffee project to

Kaminak Gold Corporation

I

2008

I

2009

I

2010

I

2012

I

2013

I

2014

I

2015

I

2016

Acquisition

Kinross purchases Underworld for $139.2 million

Acquisition

Goldcorp Inc. acquires Kaminak for $520 million

Resource

Kaminak confirms 2,968,000 Oz Au

Indicated and 2,212,000 Oz Au Inferred on the

Coffee project

Resource

Underworld confirms 1, 004,570 Oz Au Indicated on

the White Gold project

I

2017

I

2007

White Gold Corp. (WGO) acquires all remaining Shawn Ryan properties in

the White Gold district

Very little hard rock

exploration work pre-

2007

Discovery

Underworld strikes drill intersection of 4.1gpt over 18m on the 4th drill hole of White Gold project

Resource

Comstock confirms 230,000 Inferred Oz

Au on the QV project

Discovery

Comstock strikes drill intersection of

3.04gpt over 45.5m in the VG zone

Option

Underworld Resources Inc.

options the White Gold project from

Shawn Ryan

I

2011

Resource

Western Copper and Gold confirms 8.9M Oz Au reserves and 9.0M

Oz Au Inferred resource on the Casino project

WGO acquires White Gold Property from Kinross (840k Oz Au Indicated and 125k

Oz Au Inferred historic resource)

I

2018

WGO publishes mineral resource

of 961k Oz Au Indicated and 282.5k Oz Au

Inferred


Recent Yukon Investment by Major Mining Companies

Agnico Eagle: 19.9% ownership of White Gold Corp.

Kinross: 19.9% ownership of White Gold Corp.

Goldcorp: Acquired Kaminak for $520M, 19.9% ownership of Independence Gold, 19.9% ownership of Triumph Gold

Newmont: USD $39.5M earn in agreement with Goldstrike Resources

Barrick: 19.9% ownership in Atac (purchased for $8.3M) with option to earn in additional $55.0M

Coeur Mining: 9.7% ownership of Rockhaven

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Photo: Yukon Mining Alliance


Company Overview

7

▪ White Gold Corp. owns approximately 40% of the Yukon’s White Gold District

▪ Over 19,438 quartz claims across 30 properties covering 390,000 hectares

▪ Total gold resource of 961k Oz Au Indicated and 282.5k Oz Au Inferred

▪ Claim packages bordered by sizable gold discoveries owned by majors including Kinross (now owned by White Gold Corp), Goldcorp and Western Copper, making this one of the most prospective land packages currently in North America

▪ Previous exploration expenditures of over $70 million incurred

▪ Bordered by several major gold projects,

▪ Proprietary database of 250,000+ soil samples

▪ Airborne Mag-Radiometric Surveys covering 13 projects

▪ Geological Mapping on 11 Projects

White Gold Corp (White Gold Project): 961k Oz Au Indicated & 282.5k Oz Au

Western Copper (Casino Project): 8.9M

oz Au & 4.5B lb Cu

GoldCorp (Coffee Project): 4.1M oz Au

Comstock (QV Project):

230,000 oz Au

Proposed Road to Coffee Project


White Gold Property (Purchased From Kinross Gold Corp.)

8

▪ Located 95km south of Dawson City, Yukon▪ 1,792 claims totaling 34,951 hectares▪ Airstrip, barge access, and a fully operational

100-person camp

Two deposits with historic resource estimates:▪ Golden Saddle: ~1M Oz Au at a grade of 2.7 g/t ▪ Arc Zone: 170k Oz Au at a grade of 1.21 g/t▪ Aggressive program underway to expand

established resource and test new targets


Golden Saddle Deposit

▪ First discovery in the White Gold District▪ Mineralization hosted along NE trending

structures and splays that dip to the NW.▪ Two known zones, GS Main and GS Footwall.▪ Traceable over 900m strike length and tested

to 400m depth. Open in all directions.▪ High grade core in GS Main with grades >3

g/t Au▪ Limited drilling: ~44,000 meters

Arc Deposit

▪ Located 400m south of Golden Saddle▪ Mineralization hosted along E-NE trending,

NW dipping breccia zones. ▪ Lower avg. grade than Golden Saddle (1 –

1.5g/t), but had been traced over 1,200m over 1,200m along strike and to 300m depth. Open in all directions.

▪ Very limited drilling: ~10,000 meters

White Gold Property Deposits

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TOTAL GOLD RESOURCE: 961k Oz Ind; 282.5k Oz Inf


NI 43-101 Resource Estimate

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Notes on Resource Estimate:

(1) Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.

(2) The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.

(3) The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.

(4) The Mineral Resources in this report were estimated using the CIM Standards on MineralResources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee onReserve Definitions and adopted by the CIM Council.

(5) Indicated and Inferred ounces were determined using the following assumptions: gold price of US$1,400/oz, average gold recovery of 94% on the Golden Saddle and 85% on the Arc (based on preliminary metallurgical test work), pit slope of 50 degrees, mining cost of CAN$2.50/tonne mined, processing costs of CAN$15.00/tonne milled, G&A costs of CAN$5.00/tonne milled, transportation and royalty costs of CAN$46.15/oz, and a US:CAN exchange rate of 0.77. These assumptions are subject to the completion of a detailed economic analysis and are not to be interpreted as such.

Area Type ClassificationCut-off

(g/t)Tonnes (000's)

Grade (g/t)

Contained Gold (oz)

GS Main Open Pit

Indicated0.5

11,431 2.52 925,280

Inferred 1,905 2.36 144,660

Underground Inferred 3.0 121 3.81 14,830

GS Footwall Open Pit

Indicated0.5

864 1.24 34,560

Inferred 1,378 1.16 51,430

Underground Inferred 3.0 114 3.24 11,870

GS Upper Open Pit Inferred 0.5 757 0.83 20,270

Arc Open PitIndicated

0.530 1.19 1,130

Inferred 881 1.39 39,430

Highlights:

▪ 961k Oz Au Indicated at a grade of2.43 g/t Au and 282.5k Oz AuInferred at a grade of 1.70 g/t Au

▪ High-grade core with over 832k OzAu Indicated at a grade of 2.96 g/tAu and 107k Oz Au Inferred at agrade of 3.18 g/t Au

▪ Mineralization known to extendbeyond the limits of the currentresource.


Strategic Partners

Agnico Eagle Mines and Kinross Gold have each acquired a 19.9% investment ownership in White Gold Corp through separate transactions, recognizing the potential to advance

the Company towards being a key player in the White Gold District.

Market Capitalization $13.6B

Gold Production [2016] 1.7M oz

Gold Reserves 19.94M oz

Operating Mines [Canada, Finland, & Mexico] 8

“We focus on growing our gold reserves and production in mining-friendly regions, acquiring early-stage opportunities, and adding value through our exploration and mine-building expertise.”

Market Capitalization $6.70B

Gold Production [2016] 2.8M oz

Gold Reserves 31M oz

Operating Mines [Americas, West Africa, & Russia] 9

“Our operational performance, significant gold production and solid balance sheet drives compelling relative value for investors and positions Kinross well for future growth and value creation.”

11


Government Infrastructure Funding: Yukon Resource Gateway Project

12

On September 2, 2017 the$360M Yukon ResourceGateway Project wasannounced. The project willupgrade over 650km of roadincluding four separate publicroad systems in the WhiteGold District, and build orreplace numerous bridges,culverts, & stream crossings.

Federal Government, $247,400,000

Yukon Government, $112,800,000

$360.2 MILLION

White Project

Casino Project

Coffee Project

Dawson City


The Opportunity▪ Consolidation of a large underexplored land package directly

adjacent to recently discovered gold deposits, including Coffeewhich was acquired by Goldcorp in 2016 for C$520 million

▪ Opportunity to discover many multi-million Oz gold depositsand expand current resource on the Golden Saddle depositand Arc deposit

▪ Excellent potential for low cost oxide gold deposits - nearbyCoffee deposits are among the highest grade oxide depositson Earth (1.45 g/t) and have excellent recoveries (average86.3%)

▪ Strong exploration potential, White Gold Corp controlsapproximately 40% of mining claims in the White Gold District

▪ Known resources show significant vertical continuity and arelargely open at depth and along strike

▪ Experienced team who have collectively been involved inevery major gold discovery in the White Gold district

▪ Stable Canadian jurisdiction that is supportive ofexploration/mining - rated as a top global jurisdiction formineral potential and investment attractiveness1

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1 – Fraser Institute Annual Survey of Mining Companies: 2015


Executive Management Team

14

Shawn Ryan – Chief Technical Advisor

▪ 20 years of experience prospecting gold in the Yukon▪ Prospecting and soil work led to the discovery the White

Gold, Coffee, and QV projects [7.5M ounces Au]▪ 1998 Yukon Chamber of Mines Prospector of the Year

Award, 2010 Spud Huestis Award, and 2011 PDACProspector of the Year Award Recipient

▪ Founder & Technical Advisor of GroundTruth Exploration,developer of new exploration techniques (Drones toDrills) with a vast depth of experience in the Yukon

▪ Founder of RyanWood Exploration, the company thatinitialized “The Yukon Second Gold Rush” in 2009

Robert Carpenter, P. Geo - Director

▪ 25 years of experience as a mining company executive andProfessional Geologist, with a Ph.D. from Western

▪ Founded Kaminak Gold Corporation, leading as Presidentand CEO for 7 years, seeing the company listed on theTSXV and through to a 3M ounce discovery on the CoffeeProject in the Yukon, later acquired by Goldcorp Inc.

▪ 2010 recipient of the Huestis Award for Excellence inProspecting and Mineral Exploration

“Ryan is the king of a new Yukon gold rush, the biggest since the legendary Klondike

stampede a century ago”

-Gary Wolf, New York Times


Executive Management Team

15

David D’Onofrio, CPA – Chief Executive Officer

▪ Extensive experience financing and advising resourcecompanies globally

▪ Has acted in a variety of capacities to private and publicenterprises as an officer, director, audit committeemember and in various financial advisory positions.

▪ Graduate of the Schulich School of Business and holds aMasters of Taxation Degree from the University ofWaterloo

▪ Over 10 years experience working in public accounting,both in audit and taxation advisory roles

David Schmidt – Chief Financial Officer

▪ Over 15 years of experience working as a consultant tomineral exploration companies

▪ Advises companies on financings, corporate and financialdisclosure as well as corporate development.

▪ Completed Bachelor of Applied Science (Mining) at theUniversity of British Columbia in May 2000


Exploration Team

16

Jodie Gibson, P. Geo – VP, Exploration

▪ Professional Geologist and Qualified Person▪ 10 years exploration experience throughout the

Yukon, Alaska, southeastern US, Mexico, and Greenland

▪ Project manager on the White Gold Project with Underworld Resources (2009) prior to takeover by Kinross

▪ Project manager on the QV project with Comstock Metals (2012), oversaw the discovery drill holes

Isaac Fage – President, GroudTruth Exploration

▪ Graduated from the Centre of Geographic Sciences with an advanced diploma in Remote Sensing/GIS

▪ Has been working in the Yukon with Shawn Ryan in the mineral exploration industry continuously for more than 10 years

▪ Successfully coordinated one of the largest regional soil sampling programs ever conducted on the planet in 2011, with over 170,000 samples collected


Proprietary Advantage - Drones to Drills ™ GroundTruth Exploration Inc.

▪ Technical Partner engaged to carryout White Gold’s exploration program

▪ Extensive Yukon exploration experience

▪ Inventor of Drones to Drills ™ technology, allowing year-round exploration and considerably less impact on the environment than traditional methods

▪ Aerial drone surveys capture images which are combined to provide current project scale imagery at a Ultra High Resolution and cost that was previously unobtainable resulting in an effective and efficient exploration program

▪ Developed the GT RAB Drill - a remotely controlled tracked platform that is completely pneumatically and hydraulically operated, drilling at a cost of $135/m, a 70% reduction compared to the $450/m cost of diamond drilling, allowing far more exploration to be completed within budget

▪ Over 500,000 soil samples collected to date in the Yukon, with a focus on strategic and meticulous placement to optimize exploration spending

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Golden Saddle Deposit

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▪ High grade core within Golden Saddle includes 832K oz at a grade of 2.96 g/t Au Indicated and 107K ounces at a grade of 3.18 g/t Au Inferred (>1 g/t cut-off)

▪ Traceable from surface to 400m depth with strong northly plunge.

▪ Open and grades appear to be increasing at depth.

White Gold Corp. – Yukon, Canada TSX-V: WGOWhite Gold Corp. – Yukon, Canada 19

2017 Exploration Highlights

Identified multiple high-priority targets as a result of regional exploration:▪ Wolf▪ Carlisle▪ Betty▪ Hayes

Identified new high-priority target adjacent to Golden Saddle ▪ Located 600m to the NE and on

strike of the Golden Saddle deposit

▪ Similar geophysical signature as Golden Saddle deposit

▪ Associated with anomalous gold in soil at surface

▪ Extensive drill testing planned for 2018

▪Pedlar▪Nolan▪Pilot


Regional 2018 Targets

▪ Robust pipeline of drill-readyexploration targets within regionalland package

▪ Continued focus on generatingfurther targets through prospectionand regional geological work


Capital Structure

Ticker TSX-V: WGO

Issued and Outstanding Shares 88.45M

Warrants 15.5M

Options 2.4M

Fully Diluted Outstanding Shares 106.4M

Cash* ~$15.5M

Fully Diluted Cash ~$21.7M

Debt Nil

Insider OwnershipIncluding: Agnico Eagle Mines [TSX:AEM, NYSE:AEM]Kinross Gold Corporation [TSX:K, NYSE:KGC]

68.5%

19.9%19.9%

21

*As at December 31, 2017


Comparable Public Companies

22

Market Data (as of January 17, 2018) P / NAV EV / Au ($/oz) Au Resources (Moz)

CompanyPrice (US$)

% of 52 Wk-H

Mkt Cap (US$M)

Ent Val (US$M)

(ratio) P&P M&I Total P&P M&I TotalGrade(g/t)

Osisko Mining $2.16 51% $448 $251 0.45x n/a $73 $48 0.0 3.4 5.2 1.9

Sabina Gold & Silver $1.40 64% $361 $285 0.63x $114 $54 $40 2.5 5.3 7.2 6.2

Victoria Gold $0.31 56% $158 $139 0.49x $52 $35 $31 2.7 4.0 4.4 0.6

Falco $0.70 58% $132 $116 0.34x $32 $25 $21 3.7 4.6 5.5 1.5

Auryn $1.29 45% $101 $89 0.44x n/a $138 $39 0.0 0.6 2.3 5.6

Probe Metals $1.04 73% $98 $70 0.55x n/a n/a $50 0.0 0.7 1.4 2.4

Pure Gold $0.43 77% $95 $84 0.47x n/a $48 $41 0.0 1.7 2.0 8.6

Nighthawk Gold $0.48 56% $91 $69 0.50x n/a n/a $33 0.0 0.0 2.1 1.6

Golden Predator $0.53 40% $59 $40 n/a n/a $69 $46 0.0 0.6 0.9 1.1

ATAC $0.40 55% $55 $43 0.25x n/a $88 $63 0.0 0.5 0.7 2.4

Treasury Metals $0.42 62% $52 $51 0.45x n/a $45 $35 0.0 1.1 1.4 1.9

Eastmain $0.18 46% $36 $28 0.21x n/a $27 $17 0.0 1.1 1.7 6.6

Mean 0.43x $66 $60 $39

White Gold Corp $0.57 33% $50 $38 0.37x n/a $40 $31 0.0 1.0 1.2 2.4

FIGURES IN USD


Notes

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________


Contact:Tel: (416) 643-3880Email: [email protected]

Office:130 King Street West, Suite 2210Toronto, Ontario M5X 1E4

mailto:[email protected]

tsx-v: wgo otc-nasdaq intl: whgof fra: 29w · white gold corp. –yukon, canada tsx-v: wgo...

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